2000 (4) TMI 820 - AT - Central Excise

Summary

The appellate tribunal in New Delhi ruled in favor of the respondents regarding the refund of modvat credit on inputs used in exported goods. The tribunal upheld the order allowing the refund, citing instructions from the Board issued on 12.12.97. The tribunal stated that the relevant credit for refund should be from the period when the exports took place in 1996, and rejected the Revenue's appeal against the refund.